Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Biden pick for FCC withdraws, says agency will 'remain sidelined'

Published 03/07/2023, 01:21 PM
Updated 03/07/2023, 10:56 PM
© Reuters. FILE PHOTO: U.S. Senator Joe Manchin (D-WV) speaks to reporters following the weekly Democratic caucus luncheon at the U.S. Capitol in Washington, D.C., U.S., November 29, 2022. REUTERS/Sarah Silbiger

By David Shepardson

WASHINGTON (Reuters) -President Joe Biden's nominee for a key fifth seat on the Federal Communications Commission (FCC), Gigi Sohn, withdrew on Tuesday, dealing a setback for Democrats who have been unable to take control of the telecom regulator for more than two years.

Sohn confirmed Tuesday she was withdrawing after Democratic Senator Joe Manchin said he would vote against confirming her.

"We appreciate Gigi Sohn's candidacy for this important role. She would have brought tremendous intellect and experience," White House spokeswoman Karine Jean-Pierre said on Tuesday adding her withdrawal was "clearly unfortunate."

Since January 2021, Democrats have been unable to command a majority of the five-member FCC, stalling the party's efforts to reinstate landmark net neutrality rules revoked under Republican President Donald Trump. The open internet laws seek to bar internet service providers from blocking or slowing traffic or offering paid fast lanes.

"The FCC deadlock, now over two years long, will remain so for a long time," Sohn said in a statement. "Unfortunately the American people are the real losers here. As someone who has advocated for my entire career for affordable, accessible broadband for every American, it is ironic that the 2-2 FCC will remain sidelined at the most consequential opportunity for broadband in our lifetimes."

Democrats hold a narrow 51-49 majority in the U.S. Senate but two Democrats are currently absent because of health issues.

Sohn who was first nominated in October 2021, had her third hearing before the Senate Commerce Committee in February.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Sohn said in 2021 she "could not have imagined that legions of cable and media industry lobbyists, their bought-and-paid-for surrogates, and dark money political groups with bottomless pockets would distort my over 30-year history as a consumer advocate into an absurd caricature of blatant lies."

Republicans in February offered a sweeping denunciation of Sohn on a number of grounds and accused her of misleading Congress, which she rejected.

Many Democrats said Republicans were doing the bidding of powerful telecom companies that did not want to face regulation from the FCC.

Republican Senator Ted Cruz said Tuesday Sohn's withdrawal demonstrates the need for a nominee "committed to serving as an even-handed and truly independent regulator."

In July 2021, Biden signed an executive order encouraging the FCC to reinstate the open internet net neutrality rules.

At least two other Democrats were undecided on Sohn's nomination.

Sohn joins several other high-profile Biden nominees who withdrew from consideration, including Neera Tanden, who had been tapped to lead the Office of Management and Budget and Sarah Bloom Raskin, who was nominated to become the top bank regulator at the Federal Reserve.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.